HARTFIELD ACADEMY INC (EIN 452712832) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

TIM SENSING

Phone

6019925333

Tax Period

2024-07-01 to 2025-06-30

HARTFIELD ACADEMY INC, founded in 2011, is a mid-sized nonprofit that reported $14.2M in total revenue in fiscal year 2024. Expenses of $13.6M left a modest 4% surplus.

Mission

HARTFIELD IS A CHRIST-CENTERED, COLLEGE PREP SCHOOL CREATED TO ENABLE ITS STUDENTS TO GAIN MASTERY AT THE PRE-COLLEGIATE LEVEL AND CREATE A SIGNIFICANT PLATFORM FOR FURTURE SUCCESS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $975,880

Program Service Revenue $12,950,024

Investment Income $54,671

Other Revenue $195,696

TOTAL REVENUE $14,176,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,354,990

Fundraising Expenses $207,254

Program Expenses $10,313,034

Other Expenses $5,266,187

TOTAL EXPENSES $13,621,177

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,176,271	$13,914,177	+0.0%
Expenses	$13,621,177	$11,743,364	+0.2%
Net Income	$555,094	$2,170,813	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

268

Volunteers

240

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID J HORNER	HEADMASTER	N/A	Highest	$255,000	$19,513	$274,513
LEE ADAMS	TREASURER	N/A	Officer Director	$0	$0	$0
BAXTER BURNS	DIRECTOR	N/A	Director	$0	$0	$0
LANE COCKRELL	DIRECTOR	N/A	Director	$0	$0	$0
MELANIE DEW	SECRETARY	N/A	Officer Director	$0	$0	$0
CHRIS GILLARD	DIRECTOR	N/A	Director	$0	$0	$0
ANDREA HARKINS	DIRECTOR	N/A	Director	$0	$0	$0
TIM SENSING	CHAIRMAN	N/A	Officer Director	$0	$0	$0
RICHARD SIMPSON	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
BILL SULLIVAN	DIRECTOR	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$14,176,271	$13,621,177	$34,378,034	$555,094
2024	$13,914,177	$11,743,364	$31,121,281	$2,170,813
2023	$12,218,489	$10,752,760	$26,486,346	$1,465,729
2022	$13,249,277	$10,299,761	$24,403,436	$2,949,516
2021	$10,702,856	$9,677,554	$22,303,851	$1,025,302
2020	$9,371,537	$8,932,607	$22,881,598	$438,930
2019	$8,395,426	$7,914,949	$22,969,985	$480,477
2018	$7,946,379	$6,823,864	$21,592,118	$1,122,515

HARTFIELD ACADEMY INC